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Equality
Economics

UK Says House Prices Are More Unaffordable Than Ever for Buyers

  • London housing cost 40 times income for lowest paid families
  • Property in the North East of England was most affordable
A cyclist passes residential properties in London, UK.

A cyclist passes residential properties in London, UK.

Photographer: Chris Ratcliffe/Bloomberg

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Britain’s housing market is more unaffordable than ever after a surge in property prices lagged the pace of wage increases.